Mar 4, 2008

Marketplace for Tuesday, March 4, 2008

Segments From this episode

Bernanke calls for mortgage reductions

by John Dimsdale

Mar 4, 2008

Federal Reserve Chairman Ben Bernanke called for mortgage lenders to help defaulting homeowners by reducing the principal they owe on their mortgages. John Dimsdale reports banks are reluctant to follow the advice.

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Paulson touts Bush housing crisis moves

by Tess Vigeland

Mar 4, 2008

The Hope Now Alliance has modified about 150,000 subprime loans since the federal mortgage program's inception. Tess Vigeland speaks with Treasury Secretary Henry Paulson about the program and other government efforts to fix the mortgage crisis.

U.S. Treasury Secretary Henry Paulson addresses members of U.S. Chamber of Commerce on Jan 22, 2008.

Alex Wong/Getty Images

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Citigroup feels Dubai warning fallout

by Bob Moon

Mar 4, 2008

Citigroup's shares dropped 4% after the leader of a Dubai-owned investment firm stated that it will take "a lot more money" to rescue the struggling bank. Bob Moon reports on how Middle East investors influence the market.

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A new wrinkle in Botox business

by Jeff Tyler

Mar 4, 2008

Botox maker Allergan Inc. received a subpoena for documents related to the anti-wrinkle injection. The company believes the subpoena relates to alleged off-label promotion of Botox to treat headaches. Jeff Tyler reports.

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Atlantic City doubles down on casinos

by Marketplace Staff

Mar 4, 2008

In spite of a slowing economy, Atlantic City plans to spend almost $10 billion on a new wave of casino projects. The city is betting on a new demographic of gamblers to spruce up the local economy. Joel Rose reports.

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Letters

by Kai Ryssdal

Mar 4, 2008

Don't miss the missives from our listeners. This week our listeners weigh in on stories about compact fluorescent light bulbs and elephant sanctuaries.

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Recalling old lessons from the New Deal

by Tess Vigeland

Mar 4, 2008

On the anniversary of President Roosevelt's first inaugural address, we look back on how he used the New Deal to help end the Great Depression. Tess Vigeland speaks with former Labor Secretary Robert Reich about how New Deal principles could be applied to our current economic situation.

U.S. President Franklin Delano Roosevelt c. 1930 at the White House.

AFP/Getty Images

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Music from the episode

Hard Traveling Woody Guthrie

Atlantic City The Band

Hate To Say I Told You So The Hives

Baby Let Me Hold Your Hand The Detroit Cobras

Bandages Hot Hot Heat

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